Posted: 24/06/2016 at 10:34
Whatever our opinions of the outcome, we are where we are now and need to look to the future. Part of the volatility of the £ is down to currency speculators who thought last night that they could make a killing because they believed the Remain vote would win. Hopefully they will have take a massive hit.
The £ has already recovered by 5 cents from the opening low and will quite possibly recover further during the day. Let's give the markets time to digest what has happened, and for the initial knee jerk reactions to die down.
I believe a major factor in the Out camp winning was the ever more dire, and unbelievable, spoutings by Osborne about the effects of leaving the EU. If he really believed the claims, why weren't they all laid out on day one of the campaign? It ended up like the boy who cried wolf, in the end nobody believed ANYTHING he said even when he was telling the truth.